IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…
Adani Group’s Green Energy Gallery: The “Adani Green Energy Gallery” delves into strategies for generating and utilizing energy sustainably, aiming to expedite decarbonization efforts and mitigate climate change impacts. Today marked the opening of the ‘Adani Green Energy Gallery’ at the Science Museum in London. ‘Energy Revolution: The Adani Green Energy Gallery’ delves into methods…
HAL shares: In the morning session on March 26, the shares of Hindustan Aeronautics Limited (HAL) saw a 2 percent increase following the military PSU’s announcement that it had secured an order worth Rs 194 crore from the government of Guyana. In addition to the Manufacturer Recommended List of Spares (MRLS), ground handling equipment, and…
Gold and Silver: In the early trading session on Monday, the value of 24-carat gold saw a slight decline, slipping by Rs 10. As per the data from the GoodReturns website, ten grams of this precious metal were trading at Rs 66,810. Similarly, the price of silver also experienced a dip, dropping by Rs 100….
Bharti Hexacom IPO: The initial public offering (IPO) of Bharti Hexacom, a subsidiary of telecom operator Bharti Airtel, is scheduled to commence public subscription on April 3rd. According to the Red Herring Prospectus (RHP) filed on Friday, the three-day initial public offering (IPO) will come to a close on April 5th. Additionally, the anchor book…
Stock markets holiday: The Indian stock exchanges will be closed on Monday, March 25, in observance of Holi. This week, the markets will see only three trading sessions as the exchanges will also be closed on Friday, March 29, for Good Friday. The currency, debt, and equity markets will also suspend operations, slated to recommence…
Lok Sabha election 2024: Following the sell-off on Dalal Street, Indian stock market investors are likely on the lookout for opportunities for bottom fishing. For value investors eyeing potential gains over the medium to long term, the upcoming Lok Sabha election in 2024 stands out as one of the major factors influencing their decisions. They…
Forex: India’s foreign exchange (forex) reserves saw a substantial uptick, surging by $6.396 billion to reach $642.492 billion for the week ending March 15, as per the most recent data released by the Reserve Bank of India (RBI). This follows a notable increase in the previous reporting week, where the overall reserves had climbed by…
Wipro Ltd saw a significant decline in its shares during Friday’s trading session, mirroring the downward trend observed in other Indian IT stocks. This dip followed an announcement from the US software giant Accenture, which revised its revenue forecast for fiscal year 2024 downwards. Accenture holds a prominent position as the barometer for the Indian…
Accenture: The American Depository Receipts (ADRs) of Indian tech majors Infosys and Wipro took a hit on Wall Street following Accenture’s decision to revise its revenue growth guidance for the current fiscal year, FY24. This adjustment by the global IT behemoth was prompted by an uncertain economic landscape, resulting in decreased demand and diminished expenditure…
